A ________ Is a Defensive Strategy Built into the Target

question 79

Multiple Choice

A ________ is a defensive strategy built into the target corporation's articles of incorporation, corporate bylaws, or contracts and leases that can be adopted to defeat a tender offer.

• A) greenmail agreement
• B) reverse tender offer
• C) white knight merger
• D) poison pill

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Definitions:

Personal Withdrawal

It refers to the money taken out of a business by its owner(s) for personal use, often considered as a draw against the owner's equity.

Post. Ref.

An abbreviation for "posting reference," used in accounting ledgers to indicate the connection or correlation between journal entries and the accounts they affect.

Revenue Journal

A specialized journal used to record the sales of services or goods on credit.

Accounts Receivable

Funds that a company's customers have not yet remitted for products or services that have been provided.